acc562 week 4 discussion 2

acc562 week 4 discussion 2 - Based on your analysis of the...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Based on your analysis of the “American Fuel and Supply Company” case, respond to each of the discussion points: Discuss the role of an audit committee with regard to ensuring that all subsequent events are disclosed and the ultimately fair representation of the financial statements. Discuss whether or not Touche Ross complied with the applicable professional standards after learning about the error in the financial statements. What could Touche Ross have done differently? Discuss the role of an audit committee with regard to ensuring that all subsequent events are disclosed and the ultimately fair representation of the financial statements. The audit committee should work closely with internal auditors, external auditors, and management to ensure the integrity of external audit processes. It has a responsibility to resolve the disagreements between management and the external auditor regarding financial reporting.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 2

acc562 week 4 discussion 2 - Based on your analysis of the...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online